What do you mean by Intellectual Property?

By Trademark Bazaar - 6th October 2017

Intellectual property (IP) refers to the intangible type of property of the business entity. It may include creations of the mind, such as inventions, literary and artistic works designs, symbols, names and images used in commerce etc.

Due to increasing competition in the market, it is advisable for every person to protect its unique intellectual property. Procuring a shield for intellectual protection helps to prevent it from being exploited by the competitors. The protected intellectual property acts as a major asset for a business entity and the individual owner. An intellectual property can be protected mainly through three ways that are copyright, patent and trademark.

1. Trademark- A trademark is a word, phrase, symbol, and/or design that identifies and differentiate the source of the goods of one party from those of others. A trademark protection provides the exclusive usage benefits to the owner and prevents its exploitation by the competitors. A trademark registration once obtained is valid for the time period of 10 years and after that renewal is required.

2. Copyright- Copyright is an exclusive right of reproducing or authorizing anybody else to reproduce any literally, dramatic, artistic or architectural work. Copyright is the right given to the creator of an idea to provide the shield for his unique expression of the idea. The copyright is not granted to the specific idea or information rather it protects the way in which that idea is represented.

3. Patent- It basically provides protection to the inventor of the unique idea. It prevents any person other than the inventor from making, using, selling or importing his invention. A patent can be obtained in respect of any kind of invention which is capable of industrial application. Further, a patent can be obtained in respect of food items, chemicals, medicines and drugs.

Recent from the blog

Maintaining Books of Accounts by Company

BY Trademark Bazaar 21st February 2018

Preparing and maintaining proper books of accounts is essential for any company as it mandatory according to Companies Act 2013. Also, the proper books of accounts are necessary to prepare the accurate financial statements of the company.

Importance of Trademark Registration

BY Trademark Bazaar 15th February 2018

If you desire to create a mark of your product in the minds of people getting a trademark is an ideal option for you. The trademark helps you to uniquely identify your product from the others and create a unique brand image.

After Incorporation Compliances for Company

BY Trademark Bazaar 8th February 2018

There are certain annual compliance requirements and other compliances that every business entity is required to fulfill according to the Companies Act 2013. Compliance refers to the set of rules and regulations that must be followed according to the law

Leave a Comment

About Trademark Bazaar

The most preferred partner in India for those looking to set up their own business. Give your business dream a flying start with us as we are right here to make it realistic and possible in a cost effective manner. Set up in the year 2017, our aim is to make it easy and affordable for entrepreneurs to make their boats sailing in the right manner. Right from the beginning, we are poised towards infusing unprecedented levels of ease and value in the company incorporation procedure.

We help entrepreneurs in meeting legal and regulatory requirements by partnering them at each & every stage of their business life cycle.

Setting up a Business :-

Setting up a business in India is quite a mountainous job for many due to huge complexity. Be it a Private Limited Company, Public Limited Company, Limited Liability Partnership, Sole Proprietorship, One Person Company or any other company format, choosing the right procedure and meeting all statutory guidelines is utmost necessary for a smoother drive ahead. At Trademark Bazaar, our business incorporation experts would guide you through the most appropriate business model basis your distinctive needs, budget and other factors. Our personalized and consultative approach towards business incorporation makes us a leader in the segment.

Intellectual Property :

Securing your business assets is another important aspect for a business owner. Intellectual property elements such as trademark, copyright, and patents need to be obtained in a prescribed manner from the respective authority so as to gain full control of your products/services. At Trademark Bazaar, we are all set to provide full-fledged assistance in regard to Intellectual Property management. Irrespective of your industry type and product category, our professionals are ready to provide value-oriented services in a cost effective manner.